Hambantota, The Emerging Commercial Hub of Southern Sri Lanka.
Focusing on the latest developments and investment opportunities in Southern Sri Lankan disctrict for Hambanthota. A competing venue for commonwealth games in 2018.
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In ancient times, Hambantota was the principal sea port of the Kingdom of Ruhuna. When the kingdom of Ruhuna was established, The port of hambantota became the major economic hub of the kingdom. Travelers, Merchants and ships form ancient civilizations across the globe used the Port at Hambantota as an anchorage, a re-supply point and a Trading post. Hambantota has come a long way since itís glory days back in ancient times.
Today however, even though most of the grandeur of the past is no more, Hambantota has been given a new makeover through large scale development projects initiated by the government of Sri Lanka. Under the guidance of President Mahinda Rajapakse, a number of Highlevel development projects have been planned and are currently underway. The most predominant of these include an International Cricket Stadium, International Harbor and an International Airport.
According to the Media Center for National Development, The district of Hambantota and itís surroundings have become the epicenter of the governments attempt to develop the country, into a cultural and economic hub in the region. The government has collectively spent close to Rs.18,716.73 Million on multiple development projects through the period of 4 years, starting from 2006.
The development scheme had 7 Main aspects in which development projects were to be launched.
- Village resurgence through road development
- Ending the Era of Kerosene Lamps through 362 electricity projects.
- Quenching the Thirst of the People with 283 elaborate water supply projects
- Housing development by close to 600 new housing projects
- Health sector development, through close to 200million rupees in government expenditure on health projects and infrastructure development.
- Educational development through extensive renovation and development of rural schools and other educational projects
- Agricultural Development through economic incentives and irrigation projects.
Accordingly during the period of 2006-2008 alone the state has spent close to Rs.11,310.64 Million on Roads, Electricity, Water, education, housing, Health care and agriculture development. Apart from these, the government is also begun planning and in some cases even construction on much large scale development projects, like Airports and Harbors which will provide much needed jobs for the unemployed youth of the region.
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